Do you ever feel tired of waiting?

[taufik123]

Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene. I have a kraken wallet with Bitcoin in there and pretty sure I was planning to hold it until few years later and at that point I totally forgot about that account lol.
Until recently I went back to check my savings on Kraken and got greeted by a huge amount of profit because of just that forgotten account.
-snip-

You are entrusting your assets to CEX, is that not going to be a risk later when there are some exchange hacks that might happen or hacks on your own account?

Storing for years until you forget and when you want to access it you can't open it because the account is completely hacked or there are other problems.
You may still be lucky enough to store your assets on Kraken or another Cex without any issues, but it is possible to lose them.

https://www.forbes.com/sites/antoniopequenoiv/2023/07/06/fbi-searched-kraken-founder-jesse-powells-house-over-stalking-claims-report-says/

The best recommendation if you want to keep it for the long term and you can wait a long time without opening it is to have your own wallet.
Your key is your Coin, and you have full control over it.
Use a hardware wallet with better double security and provide security to the wallet passphrase.

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[GiftedMAN]

Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene. I have a kraken wallet with Bitcoin in there and pretty sure I was planning to hold it until few years later and at that point I totally forgot about that account lol.
Until recently I went back to check my savings on Kraken and got greeted by a huge amount of profit because of just that forgotten account.

If I keep waiting and wait until I reach X profit then I would probably be bored and has an urge to withdraw some when the time calls it, but with the trick of just forget about it if you are really into hold term investment while keeping your credentials safe then it's way better for me to do, people would have different opinion regarding this though.

We'll have to keep waiting for as long as the market recovers. The patient ones will always benefits from the market. Those that can not endure the time it will take for Bitcoin price to come back to it previous bull price can continue to sell there holdings and those that have funds to buy will keep accumulating there Bitcoin. We only make good profits from the market when we can wait for the price to recover. We can't be waiting and be complaining at the same time, this can make other people that have no concrete idea about the market to sell there holdings in loses.

[sulendra12]

You are entrusting your assets to CEX, is that not going to be a risk later when there are some exchange hacks that might happen or hacks on your own account?

I have never said I trust CEX for storing my assets, I stored that in 2017 until 2023 when I just was really new into trading at that time in 2017 so if hacking attempt would had happened during that day probably I would not have really that care because like I said I forgot that account until 2023.

Storing for years until you forget and when you want to access it you can't open it because the account is completely hacked or there are other problems.
You may still be lucky enough to store your assets on Kraken or another Cex without any issues, but it is possible to lose them.

And then I do aware that storing in CEX isn't a good practice because you don't have full access of your coin in case the website is down or hacked. But for this case like I said, I don't really mind about that based on my story above.

The best recommendation if you want to keep it for the long term and you can wait a long time without opening it is to have your own wallet.

I already am doing it after years I know about cryptocurrency besides that Kraken account :p

[Ultegra134]

OP, you need to find a hobby or focus on living.
I felt like you once, when I had not much to do and I'd watch bitcoin videos for hours every day. Then I started to work on my home and go to bed so tired every day that I'd fall asleep in minutes, without even checking the price. It made waiting for another cycle much easier, believe me.

That's not the case; believe me, I currently don't even have the time to check how much Bitcoin is worth. I'm certainly not obsessed, nor am I bothered if it takes one, two, or even more years to surpass the previous ATH. On the contrary, I don't mind the bear market, as it assists in accumulation.

For some people who live in poverty, living like a king is very different to what the rest of us might understand by it.
To give you an example, I have a friend who lives with his mother in a small apartment and has a 4 square meter room for himself. For him to live like a king would be to rent out a small apartment for himself, have a fridge full of beer and daily quality food delivery to his door. 1k EUR would be enough to achieve that.

You don't necessarily have to live in poverty to be severely benefited by signature campaigns. One paying as much as $400 a month, which is a quite reasonable amount for a campaign nowadays, is enough to cover rent here; thus, it's of huge assistance. Let alone others who pay up to $800 per month, which is equal to an average salary here; it's actually more than the official minimum wage.

I guess the squeeze during that time just made you quit and I've read a lot of thoughts just as yours that made them quit as well. Well, it's understandable when you thought of it that the bull run was over or when it's the entire thing about Bitcoin. It was still considered new IMO by that time because that ATH was just currently an ATH these days.

I was also quite new to this kind of thing; it was the first bull market I was experiencing, so I guess I'm kind of excused for not knowing any better. Back then, it was unimaginable that Bitcoin would surpass $20,000; after it crashed, it seemed like the end of it. I did stay for a few months after, but I ultimately gave up. Had I been more motivated, I would have potentially found a signature campaign; even the lowest-paying one would possibly keep me going, along with reading opinions from more knowledgeable users.

That's okay, you're still here despite that and you've got that lesson to remember and just always think of it whenever you're thinking of quitting again when the times comes just like a few years ago. Your reaction today would be more assuring to yourself and the decisions that you'll act on won't be the same as before.

That's true. I just checked the exact date I rejoined the forum, January 2, 2021. Almost three years have passed since then, and I think I've made pretty decent progress. I then had approximately 650 posts and 252 merits. Now I have over 3000 posts and over 600 merits in a relatively short period of time. Even though the wait is sometimes tiring, I'm more confident than I ever was during my involvement in cryptocurrencies.

[FinneysTrueVision]

As I've matured and come to understand Bitcoin better I have learned the importance of saving. I am not really impatient and waiting for a bull run to cash out. This would mean holding fiat which will eventually lose its value due to inflation. I actually get more anxious about not having enough Bitcoin. The benefits of holding bitcoin for a long time far outweigh any short term profit I might earn.

[Furious 7]

Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene. I have a kraken wallet with Bitcoin in there and pretty sure I was planning to hold it until few years later and at that point I totally forgot about that account lol.
Until recently I went back to check my savings on Kraken and got greeted by a huge amount of profit because of just that forgotten account.

Actually if we have felt the benefits of bitcoin in the past it should not be a problem because I myself feel that this is actually profitable not tiring because we can still add to our portfolio but when some other people feel tired of waiting it is certain that they have never felt the benefits obtained before from the investment made.

I have felt good results in the previous few years from the results of my waiting for bitcoin and being able to reach at ATH and enjoy the benefits at that time so for now when bitcoin is experiencing a difficult time again with several things happening especially in the past year I feel this is not a problem if we still have to wait again because in the end when our hands are strong in holding then the results we will get will be much greater than before.

[Rockstarguy]

As I've matured and come to understand Bitcoin better I have learned the importance of saving. I am not really impatient and waiting for a bull run to cash out. This would mean holding fiat which will eventually lose its value due to inflation. I actually get more anxious about not having enough Bitcoin. The benefits of holding bitcoin for a long time far outweigh any short term profit I might earn.

Understanding bitcoin is only what will make people not to expect quick profit in bitcoin and not to get tired of waiting. It is not strange that the market is unpredictable which people need to get used to it. If people don't learn to understand how bitcoin market works it will be a problem for them to have patience to hodl for a longtime. No one can predict when the bull market will take place, their is no other option than to have patience to wait for the bull season,  this is the only way profit can be made in investing bitcoin.

[arwin100]

As I've matured and come to understand Bitcoin better I have learned the importance of saving. I am not really impatient and waiting for a bull run to cash out. This would mean holding fiat which will eventually lose its value due to inflation. I actually get more anxious about not having enough Bitcoin. The benefits of holding bitcoin for a long time far outweigh any short term profit I might earn.

Understanding bitcoin is only what will make people not to expect quick profit in bitcoin and not to get tired of waiting. It is not strange that the market is unpredictable which people need to get used to it. If people don't learn to understand how bitcoin market works it will be a problem for them to have patience to hodl for a longtime. No one can predict when the bull market will take place, their is no other option than to have patience to wait for the bull season,  this is the only way profit can be made in investing bitcoin.

If they are into technical data and see that bitcoin is not really for short term then they might not get tired to wait that they can get a big profits with it. But if they don't like to wait for long term since they want to earn on their daily trades then maybe they can split up their funds and trade bitcoin then also altcoins since maybe he can get much better result with this option. Although we cannot assure that we can really earn but once we are doing good reading some important article and news then we can possibly came to the point that we are trading according to news or the charts we read. No one can really predict on when the bull market to come. But we have some great hint coming from those big institution on when to accumulate since mostly positive news will always show up since they want to hype people then think about accumulation time is bound to happen.

[red4slash]

As I've matured and come to understand Bitcoin better I have learned the importance of saving. I am not really impatient and waiting for a bull run to cash out. This would mean holding fiat which will eventually lose its value due to inflation. I actually get more anxious about not having enough Bitcoin. The benefits of holding bitcoin for a long time far outweigh any short term profit I might earn.

Understanding bitcoin is only what will make people not to expect quick profit in bitcoin and not to get tired of waiting. It is not strange that the market is unpredictable which people need to get used to it. If people don't learn to understand how bitcoin market works it will be a problem for them to have patience to hodl for a longtime. No one can predict when the bull market will take place, their is no other option than to have patience to wait for the bull season,  this is the only way profit can be made in investing bitcoin.

I think patience is one of the keys in any case, including in this bitcoin investment. Yes, I know that waiting is quite boring for some people, but that happens because they don't enjoy the process. Meanwhile, what I feel is that the more enthusiastic we are about bitcoin, the more patient we can wait.
We have to love what we do, it will make the journey feel good. Bitcoin has brought me to that point of view and maybe this is not widely realized by some people. Moreover, something that we will get from bitcoin is something that has great benefits, especially from a financial perspective.

[wallet4bitcoin]

Haven been around the space for a while,  I can only draw solace from the past record of those who waitied and their outcome and also cautioning myself, using the bitcoin pizza scenario as a case study. It pays to wait man but you need to hold onto a mental picture for motivation.

[CryptounityCUT]

Waiting can indeed be frustrating, and I agree with you. One thing that has helped me is reading books instead of constantly looking at the charts. Investing is a long-term game. I review my entire portfolio and potential new investment opportunities monthly. On the other hand, I mainly engage in short-term trading, particularly in forex. One of my biggest obstacles used to be impatience, but we can all learn from our mistakes and become better in everyday actions.

[JungleCasino]

Your feeling of weariness is understandable, especially when observing the market waiting for significant movements. However, it is essential to remember some key points concerning investing in Bitcoin and cryptocurrencies in general.

Bitcoin, as a pioneer of cryptocurrencies, has gone through various bullish and bearish cycles. Those who have maintained a long-term vision and withstood periods of volatility have often seen their investments grow substantially.

Bitcoin has a limited supply of 21 million coins. This inherent scarcity is a considerable asset, fueling the theory that its value can only increase in the long term due to growing demand.

Bitcoin continues to attract the interest of individuals, institutions, and even countries. This widespread adoption increases its legitimacy and growth potential.

The ongoing development of new technologies, services, and infrastructures around Bitcoin also enhances its appreciation potential.

In a world where fiat currencies undergo constant inflation and devaluation, Bitcoin is considered by many as a solid store of value, similar to gold.

Keeping these elements in mind can help alleviate the feeling of impatience. That said, caution and due diligence remain essential, as crypto markets are, by nature, volatile and unpredictable. While there are strong arguments in favor of Bitcoin's long-term appreciation, it remains always essential never to invest more than one can afford to lose and be prepared for the possibility of short-term volatility. Here is a little video that will amuse you: https://www.youtube.com/watch?v=KTf5j9LDObk

[Z390]

We were making a lot of noise in 2018 bear market, my friends and I, about how we will make it in 2021 by investing and holding every thing possible, we have tons of calls talking and listing about the future of crypto, it lasted for a while but it get to where we started feeling bored, and the sudden lock down began years later and that's where we actually got tired of holding, it felt like it's never going to end and we gave up, months later Bitcoin turned very bullish and we look so stupid.

When it feels like you are going to give up, believe me you are already at the end of the journey and hassle, lack of patience is a bastard, if you let it get the best of you it's not going to end well, it's not easy to be a holder and our lack of total conviction makes us gave up.

To make this journey a success find other things to do that will let all the whole time you spent worth it, do not totally focus on Bitcoin and crypto too much, take some time off too, but honestly we are not that far from bull market anymore, be strong 💪 and accept the fact that nothing comes easily.

[shepherd_gee]

As a Bitcoin trader it is advicable to practice patience, the power of patience cannot be underestimated. It’s the key to success in a volatile market and allows investors to realize the potential of Bitcoin as a store of value and hedge against inflation. Bitcoin is not a get quick scheme and those who treat it as such will likely suffer loses.  Being patient allows traders to observe the market trends, analyze the market's behavior, and make informed decisions.

[adultcrypto]

We were making a lot of noise in 2018 bear market, my friends and I, about how we will make it in 2021 by investing and holding every thing possible, we have tons of calls talking and listing about the future of crypto, it lasted for a while but it get to where we started feeling bored, and the sudden lock down began years later and that's where we actually got tired of holding, it felt like it's never going to end and we gave up, months later Bitcoin turned very bullish and we look so stupid.

I can really feel the pain and agony! Bitcoin have this special way of testing our patience. This year is another case of that. Bitcoin have remained within a zone for the most part of the year and there is the possibility that some people already sold after getting tired of waiting.

Thus trend is not going to change as long as investing is concerned because it is part of our diversity and mastering the art of patience is what will unlock the opportunities of most investment.




When it feels like you are going to give up, believe me you are already at the end of the journey and hassle, lack of patience is a bastard, if you let it get the best of you it's not going to end well, it's not easy to be a holder and our lack of total conviction makes us gave up.

To make this journey a success find other things to do that will let all the whole time you spent worth it, do not totally focus on Bitcoin and crypto too much, take some time off too, but honestly we are not that far from bull market anymore, be strong 💪 and accept the fact that nothing comes easily.
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[Aanuoluwatofunmi]

Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene.

That's true, if I can't wait then why am i investing on bitcoin when the required time appropriate for me to sell is not yet achieved, anyone that must be into cryptocurrency must be someone that have patience to hold even when the market is going bearish for a sustained period of time, we just need to hold because after such season comes in another in our favour, this is both applicable for trading and long time investment in bitcoin.

[Rabata]

You have enough knowledge about Bitcoin. You also know all the things about the last bull run, nothing new to say. But I think since your signature campaign is the main source of income, your expectation is bit high. When your expectation is high, you are thinking more about Bitcoin price or its bull run. I think you need to be more patient in this space because you never know when the price of bitcoin will increase. Normally those who will be able to hold bitcoin until the price increasing will be profitable. It will be difficult to profit from Bitcoin without being a strong holder. Patience plays an important role for profit in Bitcoin investment.

[kawetsriyanto]

Yes, any investment takes time, not just bitcoin. So it can be said that waiting is part of the investment game, so only those who can wait longer will win and receive a worthy reward. I have not seen any investment or business model that can bring quick profits except gambling.

Correct. Investment requires the patient of waiting, it is a part of the success of an investment. That's why an investor needs to have a strong mentality, he mustn't be easy to be influenced by any FUD. Since it takes a long time, there must be so many challenges. We know that there are too many FUDs during the bearish season, it only ends when the bullrun is coming. Those people who have weak mentality, probably won't reach the bullrun season.

What if history doesn't repeat itself and bear season lasts longer?

So far, the history always repeats. Every 4 years, there should be a bullrun season when the price of Bitcoin increasing significantly after the BTC halving. But if the history doesn't repeat or the bearish season takes a longer time, I no doubt that true investors will keep holding their Bitcoin until the bullrun season. They won't care whether to hold 5 years, 6 years, or more. 

Loss of patience, panic selling...all because of lack of knowledge, if an investor has enough knowledge, they will know how the market operates and will have a specific investment and holding strategy.

You're right. Knowledge and experience are the keys.
People who have sufficient knowledge and experience, probably understand how the market works. In this way, they won't feel panic whatever the FUDs is spreading nowadays.

[icalical]

Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene. I have a kraken wallet with Bitcoin in there and pretty sure I was planning to hold it until few years later and at that point I totally forgot about that account lol.
Until recently I went back to check my savings on Kraken and got greeted by a huge amount of profit because of just that forgotten account.

If I keep waiting and wait until I reach X profit then I would probably be bored and has an urge to withdraw some when the time calls it, but with the trick of just forget about it if you are really into hold term investment while keeping your credentials safe then it's way better for me to do, people would have different opinion regarding this though.

Yes, thats what I feel too and I think most of us who are hodling the Bitcoin is never waiting, not like we are checking the value of our Bitcoin like every minutes or everyday anxiously. I just buy bitcoin put it in my wallet and left it there, I only check my portfolio if there is a huge price movement, to check how much have I lost or gain in percentage. I still check frequently check Bitcoin price tho, but if there is no significant price movement I wouldn't check my portfolio.

[bettercrypto]

Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene. I have a kraken wallet with Bitcoin in there and pretty sure I was planning to hold it until few years later and at that point I totally forgot about that account lol.
Until recently I went back to check my savings on Kraken and got greeted by a huge amount of profit because of just that forgotten account.

If I keep waiting and wait until I reach X profit then I would probably be bored and has an urge to withdraw some when the time calls it, but with the trick of just forget about it if you are really into hold term investment while keeping your credentials safe then it's way better for me to do, people would have different opinion regarding this though.

We'll have to keep waiting for as long as the market recovers. The patient ones will always benefits from the market. Those that can not endure the time it will take for Bitcoin price to come back to it previous bull price can continue to sell there holdings and those that have funds to buy will keep accumulating there Bitcoin. We only make good profits from the market when we can wait for the price to recover. We can't be waiting and be complaining at the same time, this can make other people that have no concrete idea about the market to sell there holdings in loses.

If you have an exact amount when you will sell the bitcoin or other cryptocurrencies you hold, I think you will not feel tired of waiting. Especially if you are a long-term holder. All we have to do is wait. Will we get tired? The only enemy of waiting is that you feel impatient.

Then one more thing: if you are determined in what you are doing, that means be prepared for what you can face. We will be really tired in situations that we do not expect. The difficult thing is that if we feel tired, we will give up immediately. It's not good to see when that happens, because who loses then, aren't we?